Nutriband Inc. (NASDAQ:NTRBW) Sees Significant Growth in Short Interest

Nutriband Inc. (NASDAQ:NTRBW) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 4,262 shares, an increase of 144.1% from the August 31st total of 1,746 shares. Based on an average trading volume of 5,275 shares, the days-to-cover ratio is currently 0.8 days.

Nutriband Trading Down 47.6%

NTRBW stock traded down $1.19 during midday trading on Friday, reaching $1.31. 14,230 shares of the stock were exchanged, compared to its average volume of 4,509. Nutriband has a 52 week low of $0.17 and a 52 week high of $2.99. The company has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.96.

Institutional Trading of Nutriband

An institutional investor recently bought a new stake in Nutriband stock. Empery Asset Management LP purchased a new position in shares of Nutriband Inc. (NASDAQ:NTRBW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband comprises 0.1% of Empery Asset Management LP’s investment portfolio, making the stock its 20th largest holding.

Nutriband Company Profile

Nutriband Inc is a medical technology company focused on the development, manufacturing and commercialization of transdermal and topical delivery systems. Its products are designed to deliver active pharmaceutical ingredients, nutraceuticals and other compounds through the skin using adhesive patches.

The company’s product portfolio includes consumer wellness patches and pharmaceutical delivery technologies. Nutriband has also developed Aversa, an abuse-deterrent transdermal system intended to help reduce the risk of drug extraction and misuse from certain prescription patches, including fentanyl patches.